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    Property profile & analytics

    3401 Oak Ave Lawton, OK 73505

    • Commercial real estate
    • 0.50 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0518832
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3401 Oak Ave

    Lot size
    0.50 lot acres
    Property type
    Commercial real estate
    APN
    0019272

    Description

    This exceptional 0.5-acre commercial land parcel presents a unique investment opportunity in Lawton, Oklahoma. Located at 3401 NW Oak Ave, this property boasts a highly desirable C-1 (Local Commercial District) zoning designation, opening doors to a wide array of commercial ventures. The lot is situated on the corner of NW 34th Street and NW Oak Avenue, just south of the heavily trafficked intersection of NW 34th and Cache Road, ensuring excellent visibility and accessibility for any business. While the property currently includes a 2,212 square foot home, the C-1 zoning allows for diverse commercial development possibilities. The property's address is 3401 NW Oak Ave, Lawton, OK 73505, with the APN number 0019272. Its strategic location and flexible zoning make it an ideal site for entrepreneurs and investors seeking a high-traffic, easily accessible location to establish their commercial presence. This half-acre lot offers significant potential for growth and return on investment in a thriving Lawton market. Serious inquiries are encouraged to explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4368225
    Latitude
    34.6222469

    Comparable in this City

    • $69,500
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      Lawton Commercial Land - $69,500

      2.4-acre commercial lot, Lawton, OK.
      3116 J Ave, Lawton, OK 73505
      View Details
    • Contact for pricing
      0.28 Acres

      Lawton Development Site: Prime Location

      0.28-acre commercial lot, high traffic area.
      3303 Cache Rd, Lawton, OK 73505
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    • $68,000
      1.54 Acres

      Lawton, OK Commercial Land Parcel

      Prime 1.54-acre development lot.
      0 67Th St, Lawton, OK 73505
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    • $368,550

      Lawton Commercial Land - $368,550

      Prime Lawton commercial lot, 2,603 sq ft.
      3417 Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      1.38 Acres

      Lawton, OK Commercial Land Investment

      High-traffic location, flexible options.
      2905 67Th St, Lawton, OK 73505
      View Details
    • $169,000
      0.36 Acres

      Lawton Commercial Land - $169K

      Prime Lawton location, high traffic, 0.36 acres.
      301 Sheridan Rd, Lawton, OK 73505
      View Details

    Similar Nearby for Sale

    • $69,500
      2.40 Acres

      Lawton Commercial Land - $69,500

      2.4-acre commercial lot, Lawton, OK.
      3116 J Ave, Lawton, OK 73505
      View Details
    • Contact for pricing
      0.28 Acres

      Lawton Development Site: Prime Location

      0.28-acre commercial lot, high traffic area.
      3303 Cache Rd, Lawton, OK 73505
      View Details
    • $68,000
      1.54 Acres

      Lawton, OK Commercial Land Parcel

      Prime 1.54-acre development lot.
      0 67Th St, Lawton, OK 73505
      View Details
    • $368,550

      Lawton Commercial Land - $368,550

      Prime Lawton commercial lot, 2,603 sq ft.
      3417 Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      1.38 Acres

      Lawton, OK Commercial Land Investment

      High-traffic location, flexible options.
      2905 67Th St, Lawton, OK 73505
      View Details
    • $169,000
      0.36 Acres

      Lawton Commercial Land - $169K

      Prime Lawton location, high traffic, 0.36 acres.
      301 Sheridan Rd, Lawton, OK 73505
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Land Opportunity

      Land for ground lease in Lawton's retail hub.
      1060 Northwest 38Th St, Lawton, OK 73505
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    • $425,000

      Commercial Lot on High-Traffic Corner

      Vacant commercial lot on Sheridan Rd, near Gore Blvd.
      111 SW Sheridan Rd, Lawton, OK 73505
      View Details
    • Contact for pricing

      Lawton Land for Mixed Use

      Land suitable for residential and commercial development in Lawton, OK.
      NW Compass Dr, Lawton, OK 73505
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    • $1,150,000

      Retail Land for Lease

      1.52 acre retail pad available near Chick-Fil-A.
      NW 82Nd St, Lawton, OK 73505
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      Prime Commercial Land Lease Opportunity

      0.87 Acres, Build-to-Suit Available
      1200 67Th St, Lawton, OK 73505
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    • Contact for pricing

      Mixed-Use Acreage for Lease

      Large mixed-use acreage available for lease in Lawton, Oklahoma.
      SW Boyles Landing Rd, Lawton, OK 73505
      View Details
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    3401 Oak Ave
    Lawton, OK 73505
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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